A $34 million luxury yacht is now at the bottom of the sea after falling off a cargo ship

In an unfortunate series of events, a luxury superyacht was missing at sea, after it slid off a cargo ship and disappeared into the Mediterranean Sea.

My Song, a 130-foot-yacht owned by fashion heir Pier Lugo Loro Piana was on its final leg of transportation from the Spanish town of Mallorca to Genoa in Italy, before the devastating accident.

Maritime tracking denotes that the superyacht had paved its way through the Atlantic, all the way from the Caribbean. An image of the yacht did later appear on the news, but it was half-submerged at sea.

Also read - In true Ocean's-Eleven style, a Russian billionaire made his seized 111 ft long superyacht disappear from a dry dock and cleverly fooled the authorities by switching it with an identical vessel made by the same shipyard.

The superyacht was the recipient of many awards, including Best Yacht at the World Superyacht Awards. The yacht also set a speed record during last year’s RORC Transatlantic Race.

Owner Loro Piana is the heir to the high-end clothing company of the same name, and worth an estimated $1.6bn in 2018, according to Forbes magazine.

Also read - The Sultan of Oman is selling his magnificent 509-foot yacht. The vessel flaunts a palatial owner's suite, saloon, and cinema. To keep the royal in the best of health it has a medical room, dental care room, and even a fully equipped operating room.

[Via:CNN]